AlHuda CIBE UAE and CIFCA sign MoU in Dubai.

AlHuda CIBE & CIFCA will work Together for the Development of Islamic Banking in Tanzania

(November 02, 2021 (Dubai)): AlHuda Centre of Islamic Banking and Economics (Alhuda-CIBE) and Centre for Islamic Finance, Compliance and Advice (CIFCA) have signed an MoU in Dubai -UAE. The MoU was signed by Mr. Muhammad Zubair Mughal, CEO, AlHuda-CIBE and Mr. Aref Nahdi, Chairman – Center for Islamic Finance, Compliance and Advice, Tanzania.

While talking to this occasion, Mr. Aref Nahdi said that “this MoU will prove to be a great initiative for the progress of Islamic banking and finance in African countries where CIFCA will be able to take the maximum benefit of the expertise of AlHuda-CIBE in the fields of Shariah advisory and consultancy, capacity building and training”.

He further added that “we are currently struggling with the promotion of Islamic finance and expertise, we will organize the capacity building and training programs”.

He added that according to this MoU, both organizations will work together to strengthen the abilities of Islamic Banking and Finance in Tanzania, and to provide technical and Shariah advisory, training and other services. He said that AlHuda-CIBE is keeping together Islamic banking and finance of African countries.

Muhammad Zubair Mughal, said that “these moments are very rejoicing when AlHuda-CIBE and CIFCA enter in joint collaboration, we will pool our expertise and resources to achieve the optimum goal of promotion of Islamic banking and finance in Tanzania and all African countries.

This step will surely benefit Islamic banking and finance in the field of capacity building”. He further added that we will not only be confined to this agreement only rather this relationship will be extended from Islamic banking and finance to Halal tourism and other pertinent fields. He said that there is a dire need of holding capacity building and training programs.

He also added that Islamic financial system has emerged as a complete sustainable system of financial stability, therefore Islamic Banking and financial institutions are rapidly emerging in African countries, and we hope that this MoU will cater to all possible solutions for the strengthening of this emerging industry.

About AlHuda CIBE:
AlHuda Center of Islamic Banking and Economics (CIBE) is a well-recognized name in Islamic banking and finance industry for research and provides state-of-the-art Advisory Consultancy and Education through various well-recognized modes viz. Islamic Financial Product Development, Shariah Advisory, Training Workshops, and Islamic Microfinance and Takaful Consultancies etc. side by side through our distinguished, generally acceptable and known Publications in Islamic Banking and Finance.

We are dedicated to serving the community as a unique institution, advisory and capacity building for the last twelve years. The prime goal has always been to remain stick to the commitments providing Services not only in UAE/Pakistan but all over the world. We have so far served in more than 35 Countries for the development of Islamic Banking and Finance industry. For further Details about AlHuda CIBE, please visit:

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